Descartes Acquires Final Mile Carrier Solution GroundCloud

Supply Chain
Written By Rick Watson

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce.

GroundCloud, a cloud-based provider of final-mile carrier solutions and road safety compliance tools.

Descartes has been acquisitive in the market recently and is taking GroundCloud off the table for $138 million in cash, and another earn-out on top of that.  This sounds like a pretty great exit for GroundCloud which by all accounts was below $10 million in revenue, although this is just based on my guess.

GroundCloud provides safety, compliance, and transportation software for final mile providers.

GlobeNewswire: Descartes Acquires GroundCloud

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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